Accounting Mcqs – MCQs

1591 questions. Click to practice.

Correct options are highlighted when revealed.

1.Which type of chart illustrates the frequency of defects occurring during the production process?

2.What term describes the delivery of products exactly at the agreed-upon time?

3.What term describes the duration from when an order is placed until the product is completed?

4.Which of the following categories are included in the costs of quality?

5.Given that 200 employees were surveyed and 195 of them reported a high satisfaction rating, what is the percentage of employee satisfaction?

6.Which type of cost is associated with defective products identified prior to being shipped to customers?

7.Which category relates to employee satisfaction and the training of staff to handle bottlenecks in production processes?

8.What term describes the expenses involved in identifying manufactured items that fail to meet quality standards?

9.What is the term used for the total time taken to fulfill and deliver an entire order to the customer?

10.How is the quality of a product defined when evaluating its actual performance against its intended features and design?

11.What is the term for the ratio obtained by dividing the number of decisions employees are allowed to make by the total number of processes?

12.Which fundamental elements should be encompassed in the concept of product quality?

13.What is determined by subtracting the cost of direct materials for goods sold from the total revenue?

14.Which type of diagram is represented by the fishbone diagram?

15.Which quality attribute describes how effectively a product meets the needs and expectations of the customer?

16.Given the selling prices of $55 per unit in 2013 and $60 per unit in 2014, with 25,000 units sold in 2013, what is the revenue impact due to the price increase?

17.Which forces should be considered when conducting an industry analysis during strategy formulation?

18.Within the strategic analysis of operating income, which component quantifies the change in operating income resulting from fluctuations in the prices of outputs and inputs?

19.Which term describes the ratio of output produced to the amount of input utilized?

20.Given that 2,250,000 jackets are produced using 3,500,000 square meters of leather, what is the direct partial productivity of the material?